Kansas City Chiefs Rumors & News - Pro Football Rumors

Chiefs To Trade CB L’Jarius Sneed To Titans

March 26th, 2024 at 12:14pm CST by Ely Allen

MARCH 26: Sneed will end up with a bit more on his second contract, with NFL.com’s Ian Rapoport noting it will be a $76.4MM deal for the former Chiefs standout. The $19.1MM AAV will place Sneed sixth among cornerbacks. A $20MM signing bonus will comprise part of Sneed’s guarantee package; the Titans can spread that figure over the life of the contract.

MARCH 22: Despite recent reports that a previous trade agreement fell through after the Titans were unable to reach an extension agreement for Chiefs cornerback L’Jarius Sneed, ESPN’s Adam Schefter reports that the deal will come to pass.

Tennessee is finalizing a trade that will send Kansas City a 2025 third-round pick and will swap the teams’ seventh-round picks in the upcoming 2024 NFL Draft in order to acquire the 27-year-old defender.

The Chiefs had applied the franchise tag to Sneed in order to avoid him hitting unrestricted free agency following the expiration of his rookie deal. Despite the move to keep him under contract, Kansas City didn’t display much of a desire to keep Sneed on the roster in 2024. The team is extremely familiar with the tag-and-trade maneuver having used it to send Dee Ford to San Francisco and acquiring Frank Clark from Seattle under similar circumstances.

Kansas City was unwilling to meet the salary desires that Sneed had for an extension, so it made it clear to the rest of the league that its star cornerback was available for the right price. The Vikings, Colts, Patriots, Lions, Falcons, Jaguars, and Dolphins were all reported as teams to show an initial interest, though several sought other options or simply opted to cease communication with the Chiefs about a deal.

Tennessee took advantage of having the third-most salary cap space in the league, signing Sneed to what Jordan Schultz of Bleacher Report reports will be a four-year, $76MM extension. If those terms are correct, his new deal would match recently extended Bears cornerback Jaylon Johnson‘s in length and overall value. The main difference that Schultz gives us is that while Johnson’s deal included $51.4MM of guarantees, Sneed’s will have $55MM of guaranteed money.

The Titans were reportedly the only team that got close enough, reaching a point at which a deal was essentially ready to go last week, but without being able to reach an agreement on an extended contract from Sneed, the deal seemingly fell through. Following their failed efforts to acquire Sneed, the Titans pivoted, signing free agent cornerback Chidobe Awuzie and using the money set aside for a Sneed extension to sign wide receiver Calvin Ridley.

Sneed comes to Tennessee as the obvious new starter alongside Roger McCreary and Awuzie, replacing Sean Murphy-Bunting, who signed a three-year, $25.5MM deal that sent him to Arizona. The Titans also lost their other outside cornerback when Kristian Fulton signed a one-year contract with the Chargers. Sneed and Awuzie should take over roles as the main outside corners, allowing McCreary to continue to excel in the slot.

As for the Chiefs, while they’ll certainly miss having a playmaker like Sneed in their secondary, they have to feel pretty good about their position moving forward. Once the trade goes through, the totality of Sneed’s $19.8MM franchise tag salary will come of their salary cap, granting much needed cap space to a team that ranked 28th in the NFL before the deal.

As for the draft capital return, in addition to the seventh-round swap, the team will be gauging the success of their trade on how poorly Tennessee performs in 2024. The 2025 third-rounder will obviously come before the late-third-round compensatory pick that Sneed was likely to return as an unrestricted free agent. If the Titans have a poor showing next season, though, they could return an early-third-round pick as a result of today’s deal.

Without Sneed, Kansas City still has to feel pretty good about its talent at cornerback. Three third-year players will return to lead the position room in 2024. In the 2022 NFL Draft, the Chiefs selected Washington cornerback Trent McDuffie in the first round, Fayetteville State cornerback Joshua Williams in the fourth round, and Washington State cornerback Jaylen Watson in the seventh. Today, it views all three as starting-caliber players in their third year.

Specializing in the slot, McDuffie ranked as Pro Football Focus’ fourth-best cornerback in the NFL in 2023. Williams wasn’t far behind as the 26th-best, and Watson graded out at 46th. Including those three and Sneed, the team touts an impressive record evaluating draft-eligible cornerbacks. If they feel the need to add bodies to the room, look to the draft as the likely source of their next great cornerback.

Titans’ Trade For CB L’Jarius Sneed Falls Through; League Interest Cooling

March 22nd, 2024 at 8:13pm CST by Ely Allen

Two weeks ago, we went into some detail on the list of teams interested in trading for Chiefs cornerback L’Jarius Sneed. The Titans were one of those teams, and it appears the team was all but set to trade for Kansas City’s top cornerback before one detail sank the deal. According to Nate Taylor of The Athletic, the inability of Tennessee to reach an agreement on a multi-year extension for Sneed kept the trade from going through.

The Chiefs avoided allowing Sneed to test unrestricted free agency by applying the franchise tag on him earlier this month. While every now and then, a franchise tag application can be the end of the story, keeping a key player under contract for one additional, high-paying year, often times, the tag is meant to buy time as the player continues to seek a long-term contract. With Sneed, that meant two options: seeking a long-term contract with Kansas City or getting traded to another team that may be more open to giving him the deal he desires.

The Chiefs are very familiar with the tag-and-trade maneuver. They have utilized it themselves to send Dee Ford to the 49ers while also taking advantage of it to bring Frank Clark from Seattle. Right now, it appears that Kansas City is unwilling to meet Sneed where he’s wanting to be in terms of a contract extension. As a result, they have essentially informed every team in the NFL that Sneed is available for a trade.

With the Chiefs hearing offers on Sneed, a number of teams reached out to express interest. We noted the Vikings, Colts, Titans, Patriots, Lions, Falcons, Jaguars, and Dolphins as teams looking to acquire the 27-year-old. While all these teams showed initial interest, it was never clear how many had the intentions of trading for Sneed then extending him.

Sneed has made it clear that he is seeking a three- or four-year contract with an average annual value of at least $20MM, a salary that would make him the league’s third-highest-paid cornerback. While Tennessee was ready to part ways with whatever Kansas City wanted in exchange for Sneed, the Titans were apparently not ready to hand Sneed a new contract. Without a new contract, Sneed is set to play with a one-year salary of $19.8MM on the franchise tag, with every penny counting towards his team’s cap space. This provides incentive for the Chiefs or whatever team trades for him to use a new deal to lessen his salary cap impact.

The Titans apparently pivoted from the Sneed-trade to sign cornerback Chidobe Awuzie and use the extra money to sign wide receiver Calvin Ridley. The Lions traded instead for cornerback Carlton Davis. Additionally, Taylor informs that the Patriots, Vikings, and Falcons have ceased engagements with Kansas City concerning Sneed. So who else is left to vie for his services?

The Athletic’s Dianna Russini names Indianapolis as the most likely destination for Sneed at this time. The Chiefs will be wanting at least a second-round pick for Sneed, but if they can’t reach that value, they’re going to want two picks, with one of them being a third-rounder. She identifies the Colts‘ 46th, 82nd, and 117th overall picks as the ones that could entice Kansas City. On the Pat McAfee Show, ESPN’s Adam Schefter disputed Russini’s opinion, claiming that “the Colts and the Chiefs haven’t had any conversations” about a trade taking place. Stephen Holder of ESPN delved deeper claiming that, after contemplating the idea of a Sneed-trade, Indianapolis instead opted to re-sign its own players, like cornerback Kenny Moore.

As for the Chiefs, the relative inactivity around Sneed could allow them to lower Sneed’s asking price on a new deal. Sneed has expressed interest in remaining with the Chiefs multiple times. He doesn’t seem too eager to give a hometown discount, as he realizes that this is likely his best opportunity to maximize on his value, but he likes the idea of a Super Bowl three-peat and enjoyed his role as the team’s shadow corner.

Kansas City is in no rush to overpay, though. They are currently ranked 28th in cap space, according to OverTheCap.com, and they are confident in their ability to identify cornerback talent through the draft. Without Sneed, the Chiefs will return Trent McDuffie, Joshua Williams, and Jaylen Watson, three players they believe to be starting-caliber.

As the draft inches closer and closer, it’s starting to seem like one of two things will need to happen: either Kansas City is going to need to lower their asking price for Sneed in order to move him, or Sneed will need to lower his asking price for a new extension. It doesn’t sound like the Chiefs are interested in keeping Sneed on the roster in 2024, but someone will need to bend in order for him to move. Sports Illustrated’s Albert Breer, for one, expects the team to move on from Sneed before the draft.

NFL Restructures: Mahomes, Chiefs, Allen, Bills, Broncos, Browns, Martin, Cowboys

March 15th, 2024 at 6:07pm CST by Sam Robinson

Completing a Marquise Brown signing after franchise-tagging L’Jarius Sneed, the Chiefs were able to find room due to once again taking advantage of Patrick Mahomes‘ unique contract. Kansas City created $21.6MM in cap space by restructuring the three-time Super Bowl MVP’s contract, ESPN’s Adam Schefter tweets. The Chiefs have gone to this well twice before, making the move in 2021 and 2023 to create cap room. The team reworked Mahomes’ deal in September 2023, following the QB market moving well beyond the Missouri-based superstar’s $45MM AAV, by moving guaranteed money around. But the extension still runs through 2031, giving the team room to maneuver here. Even with the Sneed tag on the books — ahead of a potential trade — the Chiefs hold more than $15MM in cap space as of Friday afternoon.

Here is the latest on the restructure front:

After the Bills made a few high-profile cuts last week, they restructured their centerpiece player’s deal this week. Buffalo created $16.7MM in cap space by restructuring Josh Allen‘s deal, Field Yates of ESPN.com tweets. This merely moved Allen’s 2024 cap charge down to $30.4MM. No void years are on Allen’s $43MM-per-year extension, but monster cap numbers in 2026 and ’27 ($63.9MM, $56.9MM) will need to be addressed. Allen’s deal runs through 2028. The Bills also adjusted Dawson Knox‘s contract to create cap space, per ESPN’s Jeremy Fowler.
The Broncos may be preparing to take the bigger Russell Wilson dead money hit this year as opposed to in 2025. Though, the final number has not yet emerged. The team has created considerable cap space as of late, releasing Justin Simmons and trading Jerry Jeudy. The Broncos also restructured the contracts of 2023 UFA pickups Zach Allen and Ben Powers, per Yates, creating nearly $20MM in cap room.
The Cowboys reorganized Zack Martin‘s deal recently, according to ESPN’s Todd Archer, who indicates the move created roughly $13MM in cap space. To end Martin’s holdout last year, Dallas provided considerable guarantees over the final two years of the All-Pro guard’s six-year deal. That contract now features four void years. If the Cowboys do not extend Martin before the 2025 league year, they would be staring at a $24.5MM dead money blow.
Jedrick Wills will check in here, even though he is not on a veteran contract. The Browns restructured their left tackle’s fifth-year option, per NFL.com’s Tom Pelissero. The move created more than $10MM in cap space. Cleveland tacked four void years onto Wills’ deal. If the team does not re-sign him before the 2025 league year, it incurs an $11.8MM dead money bill. The Browns also turned to Jerry Jeudy‘s fifth-year option, which the team recently acquired from the Broncos, to create more than $10MM in space, Yates adds. The team likely used the same void years-based structure with the wide receiver’s option.

Chiefs To Sign WR Marquise Brown

March 14th, 2024 at 10:45pm CST by Ben Levine

Following a season of inconsistency from Chiefs receivers, the organization is adding a notable name to Patrick Mahomes‘ arsenal. ESPN’s Adam Schefter reports that the Chiefs are signing wideout Marquise Brown.

“Hollywood” is signing a one-year deal worth up to $11MM, according to Dianna Russini of The Athletic. Albert Breer of TheMMQB clarifies that the former first-round pick will earn a $7MM base with another $4MM via incentives and/or bonuses.

While free agency’s other top receivers (Calvin Ridley, Gabe Davis) earned multi-year deals, Brown ultimately had to settle for a one-year prove-it deal before hitting the market again next offseason. That arrangement seemingly intrigued a number of teams, as Russini notes that Brown garnered interest “from all around the league.”

It was uncertain if the Chiefs would be willing to open up the checkbook for an offensive weapon this soon. NFL Network’s Ian Rapoport noted the prevailing sentiment was that the organization needed to trade L’Jarius Sneed before making a big-name signing. Instead, the Chiefs locked up a talented wideout on a reasonable deal.

Brown’s career has been highlighted by his own inconsistency. He started his career tied to one of the NFL’s most run-heavy offenses, but he still managed to build on his numbers in each of his three seasons with the Ravens. This culminated in a 2021 campaign where he topped 1,000 yards from scrimmage, although his six touchdowns marked his lowest total during his Baltimore tenure.

Despite the growing offensive role, Brown expressed discontent with his team’s offense and asked for a trade. The Ravens found a taker in Arizona, with the Cardinals sending a first-round pick for Brown and a third-round selection in 2022. The move reunited Brown with his college quarterback in Kyler Murray, but the receiver wasn’t able to elevate his play during his time in the desert.

Of course, that wasn’t entirely Brown’s fault. The Cardinals started seven different QBs over the past two seasons, which was thanks in part to Murray suffering an ACL tear during the 2022 finale. Brown struggled with his own injury woes, battling through foot and heel issues over the past two years. After finishing with 67 catches for 709 yards during his first season in Arizona, Brown was limited to only 51 catches for a career-low 574 yards in 2023.

Still, Brown provides the Chiefs with a high-upside target, and they’ve showed that they can win despite WR issues. Rashee Rice emerged as a rookie in 2023, and Travis Kelce will continue to command many of Mahomes’ targets. But other than that duo, the QB’s top options included the likes of Skyy Moore, Justin Watson, and Kadarius Toney.

Just Brown’s 1,000-yard pedigree gives him a higher upside than many of his teammates. Entering his age-27 season, Brown could help the offense rebound following a relatively underwhelming regular-season performance in 2023.

Minor NFL Transactions: 3/14/24

March 14th, 2024 at 9:44pm CST by Ben Levine

Today’s minor moves:

Atlanta Falcons

Re-signed: WR KhaDarel Hodge, OL Storm Norton

Baltimore Ravens

Re-signed: S Ar’Darius Washington

Chicago Bears

Signed: OT Jake Curhan

Dallas Cowboys

Re-signed: DB C.J. Goodwin

Green Bay Packers

Re-signed: LB Kristian Welch

Indianapolis Colts

Re-signed: RB Trey Sermon

Kansas City Chiefs

Re-signed: DT Tershawn Wharton

Miami Dolphins

Signed: TE Jody Fortson, DL Jonathan Harris

Minnesota Vikings

Signed: WR Trent Sherfield

New York Jets

Re-signed: OL Jake Hanson

Pittsburgh Steelers

Signed: LS Christian Kuntz

Tennessee Titans

Re-signed: LB Jack Gibbens

Washington Commanders

Signed: LB Anthony Pittman

Chiefs To Re-Sign DL Derrick Nnadi

March 14th, 2024 at 7:19pm CST by Ben Levine

Derrick Nnadi will continue his career in Kansas City. The veteran defensive tackle is re-signing with the Chiefs, his agency announced.

The former third-round pick has spent his entire career with the Chiefs, starting 86 of his 98 regular-season games and 12 of his 15 playoff appearances. Nnadi hadn’t missed a game since the 2020 campaign, but a triceps injury limited to only one playoff contest in 2023. The Chiefs would go on to win the Super Bowl, Nnadi’s third championship victory.

The 27-year-old finished this past season with 29 tackles and one sack while getting into 46 percent of his team’s defensive snaps. Pro Football Focus only ranked him 122nd among 130 qualifying interior defenders, although the site was more favorable of his past performance.

The Chiefs will have plenty of options to choose from to play opposite Chris Jones on the defensive line. The team’s depth at defensive tackle also consists of Tershawn Wharton, Mike Pennel, Matt Dickerson, Neil Farrell, and Isaiah Buggs.

Chiefs, Jets Interested In WR Tyler Boyd?

March 14th, 2024 at 10:15am CST by Sam Robinson

A Tyler Boyd market has formed in the AFC. The Bengals Tee Higgins franchise tag and future Ja’Marr Chase payment, in all likelihood, makes a third Boyd contract unrealistic. But three other AFC teams are believed to be in on the veteran slot receiver.

In addition to Boyd’s hometown Steelers, The Athletic’s Mark Kaboly notes the Chiefs and Jets are believed to have interest in the eight-year wide receiver. While the Jets were not believed to be in on Boyd recently, per The Athletic’s Zack Rosenblatt, players are believed to be recruiting the former 1,000-yard receiver.

Each team needs receiver help. The Steelers cut Allen Robinson and traded Diontae Johnson, while the Chiefs trudged through an uneven year — despite said season ending with another Super Bowl title — at the position. They have since released Marquez Valdes-Scantling and missed out on Darnell Mooney. Kansas City was also believed to be interested in a pitch for Mike Evans, who re-signed with the Buccaneers.

The Jets’ effort to add receiving talent to complement Garrett Wilson bombed in 2023. The Mecole Hardman whiff became the Chiefs’ gain (and might bring a tampering investigation, as Joe Douglas hinted), while the Randall Cobb and Allen Lazard pickups did not move the needle, either. Lazard received $22MM guaranteed at signing, keeping the former Packer in the mix despite a disappointing Jets debut. But the team was linked to both Evans and Davante Adams recently.

Boyd is not on those stars’ level, but he did make regular contributions to the Joe Burrow-era Bengals teams after commanding an eight-figure-per-year extension while working with Andy Dalton in the 2010s. Boyd, 29, posted two 1,000-yard seasons with Dalton and cleared 750 yards from 2020-22. Last season, the big-bodied slot target totaled just 667 yards — still more than Higgins’ total — and two TDs, with Burrow’s injury contributing to the dip. With Mooney, Gabe Davis and Calvin Ridley off the board, markets like this one come into focus.

Chiefs To Re-Sign DL Mike Pennel

March 13th, 2024 at 8:42pm CST by Ben Levine

Currently on his second stint with the organization, Mike Pennel will be sticking with the Chiefs for at least another year. The team announced that they’ve re-signed the veteran defensive lineman. It’ll be a one-year deal for Pennel.

The former UDFA had stints with the Packers, Jets, and Patriots before landing with the Chiefs in 2019. He ended up getting into 22 regular season games during his first two seasons in Kansas City. He also appeared in six playoff games, including a 2019 Super Bowl-winning run when he started two postseason contests.

Pennel spent time with the Bears and the Falcons between 2021 and 2022 before landing back in Kansas City last October. He initially joined the practice squad and only got into three regular season games, but he saw a much larger role in the playoffs, starting three of his four appearances. This included a Super Bowl win where he compiled six tackles.

The Chiefs have been busy retaining their DT depth. Of course, Pennel’s new deal will pale in comparison to the massive contract that fellow DT Chris Jones earned from the organization.